4C Trading News
✴️ BTC Upgrade #BTC_Update
What's new since the last update guys? Well BTC is now trading just above the 23k level
Volume has resumed the upward direction since the 21300 retest.
The daily technical situation is now negative and the indicators are getting ready to cross lower on a 4 hour time frame as well.
👉 What to do now?
Since the target reached on our previous trade, BTC is moving rather negatively. We will wait for a retest of the 21k before taking a position.
https://www.tradingview.com/x/eincXAwg/
Stay safe, I wish you all a great weekend!
✴️ BTC Upgrade #BTC_Update
What's new since the last update guys? Well BTC is now trading above the 24k level but below a crucial resistance zone.
Volume has resumed the upward direction since the 21300 retest.
The daily technical situation is now positive with no sign of a bearish bend. On a 4h time frame, the indicators are negative.
👉 What to do now?
If you entered the trade proposed last week, it is now time to close the position. Indeed, we are under a resistance zone and the indicators are negative.
https://www.tradingview.com/x/YG12e8og/
Stay safe, I wish you all a great weekend!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is currently on its entry zone in position around 21800.
The trading volume in the previous sessions has been above its average level with the exception of yesterday's session. This is not surprising given that it is a Saturday.
The daily technical situation remains negative but we can already see signs of bending on the WaveTrends. Moreover, on a 4h time frame, the indicators are positive.
👉 What to do now?
If you are already in a position, nothing more to do but wait for the 22300 to lighten part of the trade. As expected, the entry zone corresponds to the average wilder and it is not yet too late to enter for latecomers.
https://www.tradingview.com/x/EAFSNEIJ/
Stay safe, I wish you all a great Sunday.
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC hasn't moved much.
The current volume is below the average level and the average level is down from the peak in early February.
The daily technical indicators are both down and on a 4 hour time frame, they just gave a sell signal as well.
👉 What to do?
The trade proposed on Sunday remains valid but do not enter with a full position, as we did not mark a high point during the recent pump. The buy zone coincides with the daily wilder average.
https://www.tradingview.com/x/uerIkqAP/
Take care of yourself!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC after being anemic for 2 months recently gave us a rally up to 24k.
The average volume has been quite high in the last few weeks even if we can start to feel a lull since last week.
The daily technical situation remains negative with a negative MACD and WaveTrend. On a 4h time frame, the indicators are negative.
👉 What to do?
Even after this recent rally, there is still a significant resistance area located between 25-28k. We are already above 21k, which is also a very important area from a volume point of view.
Have we found the bottom? It is possible but as long as we are not above 28k it remains dangerous. At the very least, to open a retracement position, even in the short term, we would have to register a high point above 25k.
https://www.tradingview.com/x/kJCr1Bi3/
In the meantime stay safe, I wish you all a great Sunday!
✴️ BTC Update #BTC_Update
What's new since the last update? Well, BTC has finally come out of its lethargy and we've seen some movement in the last few sessions, with Bitcoin now trading just below 19,000.
Everything is going well? Nothing could be further from the truth! We've seen an explosion in volume over the past couple of days, but BTC is now trading just below a large resistance area.
The daily technical indicators are positive but also already very high. On a 4h time frame, the technical indicators are also positive.
👉 What to do now?
It might be tempting to buy when everything is going up but it's not exactly the right thing to do. If we break the 19-20k area, then we could possibly position for a more pronounced rebound in the medium term. For the time being, this is not the case and caution is still the order of the day.
https://www.tradingview.com/x/toZ0Loyo/
Take care, I wish you all a great weekend!
Happy New Year to all of our 4C trading community members! We hope you had a wonderful start to the year and are excited for all that 2022 has in store.
We are grateful to have you as a part of our community and look forward to continuing to provide you with valuable resources and opportunities for your trading journey.
Wishing you a happy, healthy, and prosperous new year.
Sincerely,
4C Team
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is still trading in its range between 16400 and 17000 without much movement since the last update.
The trading volume has been below its average level for the last few sessions. It has been steadily declining for over 50 days now.
The daily technical situation remains negative with a negative MACD and WaveTrend. On a 4h time frame, the indicators are positive.
👉 What to do?
Unfortunately, there is still no opportunity in this new year, we will have to be patient before we can open a medium term long position.
https://www.tradingview.com/x/274s5Nnr/
Until then, have a nice New Year Eve!
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Sincerely,
4C Team
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is still trading around 16600 without much movement in this holiday season despite a timid attempt to break into 17k.
The trading volume in the previous session was just above its average level but it has been steadily declining for about 50 days now.
The daily technical situation remains negative with a negative MACD and WaveTrend. On a 4-hour time frame, the technical indicators are neutral with a MACD that has yet to cross higher and a WaveTrend that has just given a buy signal.
👉 What to do now?
The situation has not fundamentally changed since last week and we can still expect more bearish movement. For now I will recommend caution until we have more confirmation.
https://www.tradingview.com/x/qcbhjG79/
I wish you all a great year 2023! Take care of yourselves!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well, it looks like Bitcoin has decided to go flat before the holidays, as it is still trading around 16800.
BTC is still below its wilder moving average, however, and trading volume in the last few sessions has been below average. The latter has continued its steady decline since early November.
The daily technical situation remains negative but we can distinguish signs of bullish curves on the WaveTrend and MACD. On a 4h time horizon, the indicators are positive.
👉 What to do?
For the moment nothing has fundamentally changed since the last time, so I invite you not to take any undue risk in this holiday season. It is likely that we will go lower in 2023 and we will buy at that time.
https://www.tradingview.com/x/KuHaWElY/
In the meantime stay safe, I wish you all a Merry Christmas!
✴️ BTC Update #BTC_Update
What's new since the last update my dear community? Well BTC is trading around 17000 after having reached a low around 16200.
The trading volume in the previous session was above its average level. The latter has been steadily declining since the low point reached on November 9th.
The daily technical situation remains negative with the MACD and WaveTrend pointing down. On a 4h time horizon, the indicators are positive.
👉 What to do now?
As long as we remain below the 17680 level, it will be too dangerous to open a medium-term buy position. In the meantime remain cautious!
https://www.tradingview.com/x/UicHv3SW/
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✴️ BTC Update #BTC_Update
What's new since the last update guys? Well, as much as BTC was doing pretty well two days ago, the news about FTX has put a dent in it.
BTC is indeed at its lowest since the end of September and even made a foray below the 17500 level. The trading volume in the previous session was of course much higher than average.
The daily technical situation remains negative now, unsurprisingly this is the same on a 4h time horizon.
👉 What to do now?
For the moment, BTC has still not closed below the 17680 level in daily closing, which may mean that the accumulation is still in progress, we would even approach here a Wyckoff-like pattern.
Be careful though, all of this should be taken with a grain of salt and it could well be that the news about FTX is the catalyst we were missing for the market to enter its final (or not) downward phase.
https://www.tradingview.com/x/RlzKVtTF/
In which case we are ready to buy, right? Until then, however, we are being patient and cautious! Have a nice day everyone!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is currently trading above the $20,000 level and above its wilder moving average.
The trading volume in the previous session was below its average level but it is showing signs of rising.
The daily technical situation remains positive even though the indicators are starting to trade in their overbought zones.
👉 What to do now?
Well, even though Bitcoin has been showing signs of recovery lately, we are still in the same range for almost 5 months now. For a swing-trading position, I would tend to wait a little longer before taking a position.
https://www.tradingview.com/x/kcbAgu7t/
Until then, stay safe, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well the previous session was intense with first a test of 18k before closing at 19.3k at the end of the session.
BTC is now trading around 19600 just below oblique resistance and the wilder moving average after yesterday's session which saw above average trading volume.
The daily technical situation is now positive again with a buy signal given on the MACD and WaveTrend. On a 4h time frame, the indicators are also positive.
👉 What to do now?
Despite a volatility that is nice to see and that we had not encountered for some time, BTC still remains in an area of uncertainty and we will have to continue to be patient!
https://www.tradingview.com/x/XendE1aE/
Until then I wish you a great weekend!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is now trading just above the 19000 level after a hidden bearish divergence between prices and the WaveTrend was activated.
The trading volume in the previous sessions has been below the average level as it has been declining since September 30.
The daily technical situation remains negative and the observation is the same on a 4h time horizon.
👉 What to do now?
Now more than ever, nothing! The decrease in volatility can only mean one thing, it is contracting. When volatility contracts, the only way out is an explosion on one side or the other.
https://www.tradingview.com/x/6xF2rYPZ/
In the meantime stay safe, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is still trading around 20,000 at the time of writing.
The trading volume in the previous session was below its average level and negative, with prices closing in the form of a hangman, which is not good news.
The daily technical picture remains positive with the MACD and WaveTrend rising. On a 4h time frame, indicators are neutral to negative, so we can potentially expect a retracement.
👉 What to do now?
Unfortunately the same thing as for the last 3 months, namely nothing. We are still stuck in this range and as long as we are there we will remain patient.
https://www.tradingview.com/x/ImoeTfvQ/
Until then, be well, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is now trading just above the fateful 20k level.
The trading volume in the previous session was below its average level but not by much. The latter was largely boosted by the incredible volume levels of the past week on Binance.
The daily technical situation remains positive with the MACD and WaveTrend pointing upwards. On a 4h time frame, the indicators are also positive despite signs of bearish curves visible on the WaveTrend.
👉 What to do now?
BTC is now trading above its Wilder average but this is not enough to open a long term position. As long as we are neither below 17k nor above 24k, we will abstain.
https://www.tradingview.com/x/eT6M8Svs/
Until then stay safe, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is once again testing its Wilder moving average and is now trading just below the 20k level.
The trading volume in the previous session was higher than the weekend sessions, which is not surprising. However, it was below its average level.
The daily technical situation remains positive with the MACD and WaveTrend still pointing up. On a 4 hour time frame, the indicators are also positive.
👉 What to do now?
It is still too early to do anything unfortunately, as BTC needs a break of the 24k before taking a medium/long term position.
https://www.tradingview.com/x/MwodniTZ/
Until then stay safe, I wish you all a great day!
✴️ BTC Update
What's new since the last update guys? Well BTC is trading below 19k again after testing and failing miserably below its Wilder moving average.
The trading volume in the previous session was extremely high and therefore significantly above its average level.
The daily technical situation is now neutral as the MACD did not finally cross higher at the close yesterday. The WaveTrend remains positive but shows serious signs of a bearish cross ahead. On a 4-hour time frame, the indicators are negative.
👉 What to do?
As I said yesterday, as long as we remain in this kind of range, it is too dangerous to take a medium to long term view.
https://www.tradingview.com/x/md3OG8On/
While waiting for a clearer situation, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is trading back above its 19000 level.
The buying volume over the weekend was rather low and below its average level.
The daily technical situation remains negative even though we can already see signs of bullish bends on the WaveTrend and MACD. On a 4h time frame, the indicators are positive.
👉 What to do now?
Well BTC is still trading in a no-go zone and it is still too early to open a swing buy position.
https://www.tradingview.com/x/zlqN3toh/
Be careful in the meantime, I wish you all a great day and a great week.
✴️ BTC Update #BTC_Update
What's new since the last update? Well, BTC is still trading around 19200 after an up session yesterday. Bitcoin has indeed gained more than 5%.
The trading volume has once again been above its average level, and is now on the rise again.
The daily technical situation remains negative but we can already see signs of bullish curves on the WaveTrend. On a 4h time frame, the indicators are positive.
👉 What to do now?
At the risk of repeating myself, prices remain in a range where it is not wise to open a swing position, so patience!
https://www.tradingview.com/x/QvKGzlVc/
Stay safe in the meantime, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well after flirting with 20k yesterday, BTC ended the session down with a close around 18500, status quo!
The trading volume in the previous session was unsurprisingly higher than its average level given the size of the trading session.
The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4-hour time frame, the indicators are positive.
👉 What to do now?
A little bit of animation yesterday at the end of the session but not enough for us to break out of this consolidation zone. The best thing to do for now is to be patient.
https://www.tradingview.com/x/2dnrDdUb/
In the meantime stay safe, I wish you all a great day!
✴️ BTC Update #BTC_Update
What's new since the last update guys? Well BTC is still trading around 18800 and has not managed to stay above 19000.
The trading volume in the previous session was once again above its average level. The latter seems to be taking a break from its growth phase.
The daily technical situation remains negative with the MACD and WaveTrend pointing downwards. On a 4-hour time frame, the technical indicators are neutral with a negative WaveTrend and a positive MACD.
👉 What to do now?
Still at the same point, we are not low enough to short and not high enough to open a long position. So we will have to be patient again.
https://www.tradingview.com/x/jR4tpu7h/
Until then, stay safe, I wish you all a great day!